Life and Annuity Insurers Eyeing Bermuda in Quest for Efficiency: In a strong market for annuity sales, life and annuity insurers are looking to form new divisions or acquire existing ones in Bermuda.

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  • Additional Information
    • Subject Terms:
      BERMUDA Islands
    • Subject Terms:
      PRUDENTIAL Financial Inc. PRU; FIDELITY Investments (Company)
    • Abstract:
      The article discusses how life and annuity insurers are increasingly turning to Bermuda to establish new entities or acquire reinsurance, aiming for capital efficiency and risk mitigation. Topics include the reasons behind insurers' interest in Bermuda, such as regulatory advantages and capital efficiency, as well as specific examples of insurers, like Prudential Financial Inc., expanding their presence in Bermuda to reinsure life and annuity blocks.